XRP Price Rise Gives Ripple $500 Million Market Cap

XRP Price Rise Gives Ripple $500 Million Market Cap

Recently, Ripple-the electronic payment protocol-has experienced a market cap surge due to an increase in the price of its native currency, XRP. Despite CCN's predictions, the XRP price has continued to march in the right direction. During the past month, the XRP price rose more than 200%, expanding Ripple's market cap and leaving litecoin in the dust. Now, Ripple has moved past Litecoin in CoinGecko's comprehensive cryptocurrency rankings, indicating that Ripple's market cap placement is well-deserved. Also read: XRP Price Rise Solidifies Ripple as Crypto's #2 by Market Cap. XRP Price....


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XRP Price Rise Solidifies Ripple as Crypto's #2 by Market Cap

Photo by _Mo. The XRP price has trended upward over the past few months, which vaulted Ripple up the market cap charts (XRP is the Ripple platform's native currency). Thus far, the XRP price has avoided entering a cooling-off period. It may be time to certify Ripple as cryptocurrency's #2, at least by market cap. Also Read: Ripple Labs Cracks U. S. Banking with New Deal. XRP Price Rise Solidifies Ripple as Crypto's #2. In late September, Ripple passed Litecoin for 2nd-place on the cryptocurrency market cap charts. Since then, Ripple has widened the gap between the two cryptocurrencies to....

Market Summary: Ripple’s Rise and Bitcoin In A Holding Pattern

While most of the Cryptocurrency market is down, one coin in particular has been moving a lot this week, in fact up 15% from the 11/22/2014 levels. The currency in regards, of course being Ripple. With a 24h volume of over 2 and a half million dollars, Ripples price per coin slowly approaches $0.015 per Ripple, which is impressive, considering total supply is 99,999,979,958 XRP. This price increase and subsequently market capitalization increase, of course, sets Litecoin even further down, despite the temporary bump to above $4, with Litecoin now at the mid $3 price point. However, the....

Ripple Value Explodes, Accused of Being Artificially Pumped

[Update: It has been found that Ripple have been experiencing a huge inbound money from companies all around the world, thanks to one of our readers. As for now, the accusation mentioning it to being artificially pumped stand nowhere.]. If the figures available at CoinMarketCap.com are to be believed, Ripple value went through a whopping 30% surge in between the November 26th and 27th trading session. The sudden price explosion helped Ripple to solidify its number two position, in terms of overall market cap. At press time, the approximate gap between the Ripple and Litecoin's market cap....

Ripple Labs Nears Close of $30 Million Funding Round

Ripple Labs, the company behind the Ripple protocol and the Codius smart contract platform, is close to finalizing the deal on a new $30 Million USD funding round. Wall Street Journal's Venture Capital blog reports that it has received confirmation from Ripple labs that it is working on closing the deal for its Series B funding round. According to their analysis, the deal would give Ripple Labs (RL) a post-money valuation of $100 million. This valuation stands in contrast to the apparent market valuation of XRP, the token which fuels the Ripple protocol. The company's primary value comes....

Sudden Surge in Ripple Trading Drives Market Cap by $14 million

Ripple witnessed a sudden increase in demand earlier today, leading to over $14 million increase in its market capitalization within hours. In quite an unusual event, the Ripple’s platform native cryptocurrency witnessed a 197% surge in its market capitalisation and price. As per the data available on multiple trading platforms, Ripple coin marked a lightning bull rally, and surged from $0.007626 to $0.008017 within only one hour. The cryptocurrency’s market cap, in parallel to the price, increased from $32.5 million to more than $5.28 million. The event, which appears to be heavily....